Airbus Firms Up $11.5 Billion Plane Order From HNA's Avolon
- Signoff on July accord provides late boost to 2018 sales tally
- China-backed purchase had been in balance amid cash crunch
Photographer: Balint Porneczi/Bloomberg
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Airbus SE firmed up an order for 100 single-aisle aircraft from Avolon, the aircraft-leasing company owned by China’s HNA Group Co.
The deal, worth $11.5 billion before discounts, seals an outline accord unveiled at the Farnborough Air Show in July, the Irish lessor said in a statement Friday. Aircraft orders typically come in stages, and aren’t counted against order totals until finally signed off.